[코인리더스] Bitcoin buyers begin to buy lows?…”The number of large-scale BTC transfers is increasing”

Analysis has shown that the major buying powers of bitcoin (BTC, No. 1 in the market cap), which are showing a clear trend in recent years, have bottomed out to buy.

On the 26th (local time),’Jin’s Crypto’, an analyst specializing in Coinness, said, “After Bitcoin broke below the 30-day moving average, the number of large-scale transfers has increased significantly. This is why major buyers jumped into trading to buy a low point. It implies that you are holding it,” he diagnosed.

He said, “Since March 23, the number of large-scale BTC transfers has maintained a relatively high number. Transactions larger than 100 BTC recorded 1497 as of March 23, and 1230 and 1748 transactions on March 24 and 25, respectively. When converted to $53,000, the total amount of large-scale transfers of 100 BTC or more amounted to $7.9 billion, $6.5 billion, and $9.2 billion, respectively,” he explained.

“On March 25th, 9451 BTC was transferred from the tradable wallet to the outside. Considering the increase in the number of large-scale transfers of 100 BTC or more, the net outflow of BTC from tradable wallets such as exchange wallets can be seen as a kind of upward signal. Therefore, this short-term decline in BTC means that the character of adjustment was strong, and it means that the investor sentiment of BTC holding investors has not been shaken during the downturn.”

Regarding major altcoins, “In particular, the stock that has seen a strong short-term rebound is Filecoin (FIL). FIL has been strong for 3 consecutive days, and has risen to the 12th place in the market cap based on the current coin market cap. Recently, FIL is Bitcoin and Ethereum. It showed an independent uptrend despite weakness. Therefore, there is a possibility that there is a possibility that the ranking of the top 10 coins in the market capital will fluctuate due to the strong FIL.”

In this regard, veteran investor John Bollinger, who devised the Bollinger Bands indicator, said through his Twitter, “Now is the time to find the tradable’bottom’ of Bitcoin and other major cryptocurrencies.” I plan to pay attention.”